FFIN: First Financial Bankshares Inc Financial Statements
Balance sheet, income statement, and cash flow statements for First Financial Bankshares Inc (FFIN).
$5.15B Market Cap.
FFIN Market Cap. (MRY)
FFIN Shares Outstanding (MRY)
FFIN Assets (MRY)
Total Assets
$13.98B
Total Liabilities
$12.37B
Total Investments
$12.44B
FFIN Income (MRY)
Revenue
$536.91M
Net Income
$223.51M
Operating Expense
$265.06M
FFIN Cash Flow (MRY)
CF Operations
$309.64M
CF Investing
-$736.88M
CF Financing
$654.06M
FFIN Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $13,979,418,000 (6.67%) | $13,105,594,000 (1.01%) | $12,974,066,000 (-0.98%) | $13,102,461,000 (20.16%) |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $314,004,000 (-0.20%) | $314,622,000 (-0.29%) | $315,534,000 (-0.39%) | $316,779,000 (-0.51%) |
Shareholders Equity | $1,606,560,000 (7.18%) | $1,498,900,000 (18.42%) | $1,265,737,000 (-28.05%) | $1,759,224,000 (4.83%) |
Property Plant & Equipment Net | $151,904,000 (0.08%) | $151,788,000 (-0.77%) | $152,973,000 (2.14%) | $149,764,000 (5.27%) |
Cash & Equivalents | $763,413,000 (42.27%) | $536,591,000 (62.27%) | $330,678,000 (-37.44%) | $528,588,000 (-27.50%) |
Accumulated Other Comprehensive Income | -$424,289,000 (-5.20%) | -$403,298,000 (24.65%) | -$535,228,000 (-639.26%) | $99,253,000 (-41.75%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $12,440,767,000 (5.37%) | $11,807,072,000 (-0.38%) | $11,852,358,000 (-0.70%) | $11,936,496,000 (24.58%) |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Payables | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Accumulated Retained Earnings (Deficit) | $1,340,082,000 (9.89%) | $1,219,525,000 (8.70%) | $1,121,945,000 (14.29%) | $981,675,000 (17.32%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $197,019,000 (-51.24%) | $404,081,000 (-37.11%) | $642,507,000 (-4.27%) | $671,152,000 (56.05%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $12,372,858,000 (6.60%) | $11,606,694,000 (-0.87%) | $11,708,329,000 (3.22%) | $11,343,237,000 (22.94%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
FFIN Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $536,909,000 (11.58%) | $481,181,000 (-6.68%) | $515,652,000 (0.38%) | $513,678,000 (9.22%) |
Cost of Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Selling General & Administrative Expense | $188,994,000 (13.52%) | $166,490,000 (-0.53%) | $167,376,000 (-4.61%) | $175,468,000 (4.81%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $265,063,000 (11.43%) | $237,882,000 (1.32%) | $234,778,000 (-2.87%) | $241,708,000 (6.04%) |
Interest Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Income Tax Expense | $48,335,000 (9.05%) | $44,322,000 (-4.48%) | $46,399,000 (4.48%) | $44,408,000 (10.11%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $223,511,000 (12.33%) | $198,977,000 (-15.14%) | $234,475,000 (3.04%) | $227,562,000 (12.64%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $223,511,000 (12.33%) | $198,977,000 (-15.14%) | $234,475,000 (3.04%) | $227,562,000 (12.64%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $223,511,000 (12.33%) | $198,977,000 (-15.14%) | $234,475,000 (3.04%) | $227,562,000 (12.64%) |
Weighted Average Shares | $142,910,170 (0.14%) | $142,709,314 (0.05%) | $142,641,666 (0.12%) | $142,473,153 (0.25%) |
Weighted Average Shares Diluted | - | - | - | - |
Earning Before Interest & Taxes (EBIT) | $271,846,000 (11.73%) | $243,299,000 (-13.38%) | $280,874,000 (3.27%) | $271,970,000 (12.22%) |
Gross Profit | $536,909,000 (11.58%) | $481,181,000 (-6.68%) | $515,652,000 (0.38%) | $513,678,000 (9.22%) |
Operating Income | $271,846,000 (11.73%) | $243,299,000 (-13.38%) | $280,874,000 (3.27%) | $271,970,000 (12.22%) |
FFIN Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$736,878,000 (-678.89%) | $127,292,000 (115.19%) | -$838,005,000 (67.91%) | -$2,611,650,000 (-106.91%) |
Net Cash Flow from Financing | $654,059,000 (417.19%) | -$206,201,000 (-165.29%) | $315,825,000 (-84.64%) | $2,056,003,000 (37.25%) |
Net Cash Flow from Operations | $309,641,000 (8.71%) | $284,822,000 (-12.17%) | $324,270,000 (-8.70%) | $355,151,000 (68.58%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $226,822,000 (10.15%) | $205,913,000 (204.04%) | -$197,910,000 (1.29%) | -$200,496,000 (-144.91%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$722,056,000 (-612.93%) | $140,772,000 (117.10%) | -$823,407,000 (68.25%) | -$2,593,268,000 (-98.23%) |
Capital Expenditure | -$14,822,000 (-9.96%) | -$13,480,000 (7.66%) | -$14,598,000 (20.59%) | -$18,382,000 (-22.60%) |
Issuance (Repayment) of Debt Securities | -$207,062,000 (13.15%) | -$238,426,000 (-732.35%) | -$28,645,000 (-111.88%) | $241,059,000 (394.61%) |
Issuance (Purchase) of Equity Shares | $3,160,000 (624.05%) | -$603,000 (81.35%) | -$3,234,000 (-181.15%) | $3,985,000 (221.09%) |
Payment of Dividends & Other Cash Distributions | -$102,913,000 (-2.95%) | -$99,965,000 (-9.47%) | -$91,315,000 (-14.56%) | -$79,712,000 (-13.36%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $4,934,000 (15.93%) | $4,256,000 (7.53%) | $3,958,000 (21.97%) | $3,245,000 (0%) |
Depreciation Amortization & Accretion | $13,427,000 (6.75%) | $12,578,000 (-1.44%) | $12,762,000 (-2.29%) | $13,061,000 (2.09%) |
FFIN Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) |
Profit Margin | 41.60% (0.48%) | 41.40% (-9.01%) | 45.50% (2.71%) | 44.30% (3.02%) |
EBITDA Margin | 53.10% (-0.19%) | 53.20% (-6.50%) | 56.90% (2.52%) | 55.50% (2.21%) |
Return on Average Equity (ROAE) | 14.20% (-2.07%) | 14.50% (-19.44%) | 18.00% (36.36%) | 13.20% (4.76%) |
Return on Average Assets (ROAA) | 1.70% (13.33%) | 1.50% (-16.67%) | 1.80% (0.00%) | 1.80% (-5.26%) |
Return on Sales (ROS) | 50.60% (0.00%) | 50.60% (-7.16%) | 54.50% (3.02%) | 52.90% (2.72%) |
Return on Invested Capital (ROIC) | 2.10% (10.53%) | 1.90% (-9.52%) | 2.10% (-8.70%) | 2.30% (-4.17%) |
Dividend Yield | 2.00% (-13.04%) | 2.30% (21.05%) | 1.90% (72.73%) | 1.10% (-21.43%) |
Price to Earnings Ratio (P/E) | 23.11 (6.01%) | 21.8 (3.92%) | 20.98 (-33.99%) | 31.77 (24.73%) |
Price to Sales Ratio (P/S) | 9.6 (6.79%) | 8.99 (-5.57%) | 9.52 (-32.52%) | 14.1 (29.00%) |
Price to Book Ratio (P/B) | 3.21 (11.16%) | 2.88 (-25.59%) | 3.88 (-5.83%) | 4.12 (34.41%) |
Debt to Equity Ratio (D/E) | 7.7 (-0.54%) | 7.74 (-16.29%) | 9.25 (43.46%) | 6.45 (17.28%) |
Earnings Per Share (EPS) | 1.56 (12.23%) | 1.39 (-15.24%) | 1.64 (2.50%) | 1.6 (12.68%) |
Sales Per Share (SPS) | 3.76 (11.42%) | 3.37 (-6.72%) | 3.62 (0.28%) | 3.6 (8.95%) |
Free Cash Flow Per Share (FCFPS) | 2.06 (8.52%) | 1.9 (-12.44%) | 2.17 (-8.16%) | 2.36 (71.68%) |
Book Value Per Share (BVPS) | 11.24 (7.04%) | 10.5 (18.36%) | 8.87 (-28.13%) | 12.35 (4.56%) |
Tangible Assets Book Value Per Share (TABVPS) | 95.62 (6.69%) | 89.63 (1.00%) | 88.74 (-1.11%) | 89.74 (20.47%) |
Enterprise Value Over EBIT (EV/EBIT) | 17 (-10.53%) | 19 (0.00%) | 19 (-29.63%) | 27 (22.73%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 16.31 (-10.99%) | 18.32 (1.19%) | 18.1 (-29.62%) | 25.72 (21.30%) |
Asset Turnover | 0.04 (8.11%) | 0.04 (-5.13%) | 0.04 (-4.88%) | 0.04 (-8.89%) |
Current Ratio | - | - | - | - |
Dividends | $0.72 (1.41%) | $0.71 (7.58%) | $0.66 (13.79%) | $0.58 (13.73%) |
Free Cash Flow (FCF) | $294,819,000 (8.65%) | $271,342,000 (-12.38%) | $309,672,000 (-8.05%) | $336,769,000 (72.11%) |
Enterprise Value (EV) | $4,651,782,628 (-0.76%) | $4,687,351,214 (-11.82%) | $5,315,672,310 (-27.49%) | $7,330,872,099 (35.50%) |
Earnings Before Tax (EBT) | $271,846,000 (11.73%) | $243,299,000 (-13.38%) | $280,874,000 (3.27%) | $271,970,000 (12.22%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $285,273,000 (11.49%) | $255,877,000 (-12.86%) | $293,636,000 (3.02%) | $285,031,000 (11.71%) |
Invested Capital | $13,099,020,000 (3.48%) | $12,658,462,000 (-2.40%) | $12,970,361,000 (0.33%) | $12,928,246,000 (25.67%) |
Working Capital | - | - | - | - |
Tangible Asset Value | $13,665,414,000 (6.84%) | $12,790,972,000 (1.05%) | $12,658,532,000 (-0.99%) | $12,785,682,000 (20.78%) |
Market Capitalization | $5,151,911,628 (19.14%) | $4,324,092,214 (-11.88%) | $4,906,873,310 (-32.26%) | $7,243,335,099 (40.89%) |
Average Equity | $1,569,786,000 (14.60%) | $1,369,774,000 (5.04%) | $1,304,029,750 (-24.17%) | $1,719,689,000 (7.37%) |
Average Assets | $13,479,395,750 (4.26%) | $12,929,108,750 (-1.79%) | $13,164,705,500 (5.15%) | $12,519,422,250 (20.63%) |
Invested Capital Average | $12,780,336,250 (-0.12%) | $12,795,710,750 (-2.66%) | $13,144,781,750 (9.07%) | $12,052,175,750 (17.98%) |
Shares | 142,910,170 (0.14%) | 142,709,314 (0.05%) | 142,641,666 (0.12%) | 142,473,153 (0.25%) |
